MONEY LAUNDERING REGULATIONS
Notes for both New and Long Standing Clients:
Changes were made to Money Laundering Regulations and Legislation which came into force on Monday 26th June 2017. These changes mean that we are now required by law to verify the identity and address of everyone who offers, bids or buys at auction, regardless of any long standing relationships you may have with Smith and Sons.
We require one item from both List A and List B below. We cannot accept scanned copies and must have either first hand sight of the original documents, or they will need to be copies certified by a professionally recognised individual. A list of suitable options are available below.
If you intend to use a Telephone/Proxy bid, we will require this information before the day of the auction. If we do not receive Certified ID we will be unable to bid on your behalf at auction.
If you are going to bid in the auction room, please bring both items of identification with you on the day, to show our team when you register. If you do not have these, we will be unable to sell the lot to you and it will be re-offered in the room.
If bidding successfully on behalf of a company, you will also need to show a copy of the Certificate of Incorporation and a letter of authority on company letterhead paper, signed by a company director prior to signing the contract.
You will be able to have your two forms of identification verified using one of the following options:
1 Call into our office with originals and we will certify them
2 A Solicitor, Bank, Accountant or other professional person certifies them and directly forwards them to us at firstname.lastname@example.org
3 The Post Office can verify up to 3 forms of ID for £10.50
Below is a list of acceptable ID
List A – Photographic evidence of identity
- Current signed Passport
- Current full UK/EU photo card driving licence
- Valid ID card (e.g. HM Forces, Police Warrant, Prison Officer Card, Government/Local Authority issue card
- Firearm or shotgun certificate
- Residential permit issued by the Home Office to EU Nationals
List B – Evidence of Residence
- Current full UK/EU photo card driving licence (if not used to prove identity)
- Utility bill issued in last three months (not mobile phone)
- Recent bank/building society/mortgage/credit card statement
- Current house/motor insurance certificate
- Revenue & Customs tax notification
- Recent Council Tax bill
Once we have certified ID this will be held on file and will only need to be updated every three years or if you change your address.